Power of Attorney

What would happen if you were no longer able to make important decisions on your own? This is often the case when a person is afflicted with a serious injury or illness, which can leave them incapacitated and unable to manage their affairs.

A power of attorney is a legal document that affords authority over your affairs to another person. This person can then make important decisions on your behalf, including those related to your property and finances. Walk-In Wills understands how important this and other estate planning decisions are. That’s why we provide reliable legal advice from licensed attorneys to make sure your estate plan is created correctly.

Are There Different Types of Powers of Attorney?

When people talk about powers of attorney, they’re may be discussing two separate documents:

  • Financial Power of Attorney – This legal document provides authority over financial matters. For instance, a power of attorney may need to sell a person’s home in order to pay down debt.
  • Healthcare Power of Attorney – Also known as a living will, healthcare powers of attorney dictate the type of care a person should receive if they’re no longer able to convey their wishes. A person may ask not to be resuscitated or fed intravenously, along with many other essential health decisions.

What Is a Durable Power of Attorney?

A general power of attorney becomes deactivated once a person is rendered incapacitated. Conversely, a durable power of attorney continues to be effective even after a person has been rendered unable to handle their own affairs. In this case, the document would remain in effect until the grantor dies or revokes authority.

What Should I Consider When Choosing a Person to Handle My Affairs?

Giving another person power of attorney over your affairs is a major decision. Accordingly, it’s a decision that should not be made lightly. When looking for a suitable candidate, finding someone responsible is key. The person must take his or her duties seriously and must be willing to put the work in on your behalf. For instance, selling a home can be a lengthy process, and the right power of attorney will be committed from start to finish.

When it comes to healthcare powers of attorney, the best selection will be an assertive, knowledgeable person. It can be difficult conferring with medical staff, especially in an emergency situation. It’s just as difficult to explain a person’s final wishes to family members, who may be at odds with their loved one’s choices. In this case, it helps to choose a person who is in line with your beliefs and values.

We’re Here for You

Walk-In Wills has provided friendly and reliable estate planning service since 2003. We start with a free hour-long consultation, so New Mexico clients are properly apprised of their estate planning options. Schedule your consultation today by calling (505) 903-7000. You can also visit us online for more information on estate planning packages.

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